Gold Technical Analysis – We reached a new all-time high ...Middle East

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Gold Technical Analysis – We reached a new all-time high
Fundamental OverviewYesterday, gold reached a new all-time high as it continues to be supported by the steady fall in real yields. The breakout of the three-month range might now attract momentum players and take us to even higher highs. As of now, it looks like gold have limited downside but lots of upside as inflation abates slowly while risks to the growth picture increase the longer the Fed keeps policy restrictive. In the short-term, strong US data might weigh a bit on the market, but in the long-term weak data is likely to trigger bigger upside moves.Gold Technical Analysis – Daily TimeframeOn the daily chart, we can see that gold yesterday broke through the 2430 resistance and extende

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